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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 6/15/20 NetApp, Inc. 10-K 4/24/20 143:21M ActiveDisclosure/FA |
Document/Exhibit Description Pages Size
1: 10-K Annual Report HTML 2.13M
2: EX-4.5 Instrument Defining the Rights of Security Holders HTML 130K
3: EX-10.14 Material Contract HTML 211K
4: EX-10.19 Material Contract HTML 93K
5: EX-10.23 Material Contract HTML 238K
6: EX-10.24 Material Contract HTML 227K
7: EX-10.56 Material Contract HTML 86K
8: EX-10.57 Material Contract HTML 85K
9: EX-10.58 Material Contract HTML 66K
10: EX-21.1 Subsidiaries List HTML 49K
11: EX-23.1 Consent of Experts or Counsel HTML 44K
12: EX-31.1 Certification -- §302 - SOA'02 HTML 45K
13: EX-31.2 Certification -- §302 - SOA'02 HTML 45K
14: EX-32.1 Certification -- §906 - SOA'02 HTML 41K
15: EX-32.2 Certification -- §906 - SOA'02 HTML 41K
90: R1 Document and Entity Information HTML 103K
43: R2 Consolidated Balance Sheets HTML 122K
62: R3 Consolidated Balance Sheets (Parenthetical) HTML 58K
135: R4 Consolidated Statements of Operations HTML 109K
95: R5 Consolidated Statements of Comprehensive Income HTML 86K
48: R6 Consolidated Statements of Cash Flows HTML 137K
66: R7 Consolidated Statements of Stockholders' Equity HTML 87K
139: R8 Consolidated Statements of Stockholders' Equity HTML 42K
(Parenthetical)
89: R9 Description of Business and Significant Accounting HTML 110K
Policies
80: R10 Recent Accounting Standards Not Yet Effective HTML 44K
32: R11 Concentration of Risk HTML 47K
112: R12 Business Combinations HTML 73K
126: R13 Goodwill and Purchased Intangible Assets, Net HTML 138K
81: R14 Supplemental Financial Information HTML 283K
33: R15 Revenue HTML 173K
113: R16 Financial Instruments and Fair Value Measurements HTML 277K
127: R17 Financing Arrangements HTML 115K
79: R18 Leases HTML 125K
34: R19 Stockholders' Equity HTML 429K
84: R20 Derivatives and Hedging Activities HTML 78K
129: R21 Restructuring Charges HTML 139K
53: R22 Income Taxes HTML 312K
38: R23 Net Income per Share HTML 94K
85: R24 Segment, Geographic, and Significant Customer HTML 125K
Information
130: R25 Employee Benefits and Deferred Compensation HTML 89K
54: R26 Commitments and Contingencies HTML 56K
39: R27 Subsequent Event HTML 43K
86: R28 Description of Business and Significant Accounting HTML 189K
Policies (Policies)
128: R29 Description of Business and Significant Accounting HTML 49K
Policies (Tables)
124: R30 Business Combinations (Tables) HTML 71K
111: R31 Goodwill and Purchased Intangible Assets, Net HTML 145K
(Tables)
36: R32 Supplemental Financial Information (Tables) HTML 297K
83: R33 Revenue (Tables) HTML 170K
123: R34 Financial Instruments and Fair Value Measurements HTML 275K
(Tables)
110: R35 Financing Arrangements (Tables) HTML 109K
35: R36 Leases (Tables) HTML 132K
82: R37 Stockholders' Equity (Tables) HTML 434K
125: R38 Derivatives and Hedging Activities (Tables) HTML 79K
108: R39 Restructuring Charges (Tables) HTML 137K
142: R40 Income Taxes (Tables) HTML 313K
98: R41 Net Income per Share (Tables) HTML 93K
41: R42 Segment, Geographic, and Significant Customer HTML 132K
Information (Tables)
56: R43 Employee Benefits and Deferred Compensation HTML 90K
(Tables)
141: R44 Description of Business and Significant Accounting HTML 71K
Policies - Additional Information (Detail)
97: R45 Description of Business and Significant Accounting HTML 59K
Policies - Property and Equipment Depreciation
Life (Detail)
40: R46 Business Combinations - Additional Information HTML 62K
(Detail)
55: R47 Business Combinations - Summary of Preliminary HTML 72K
Acquisition Date Fair Values of Assets Acquired
and Liabilities Assumed (Detail)
143: R48 Goodwill and Purchased Intangible Assets, Net - HTML 47K
Schedule of Goodwill Activity (Detail)
96: R49 Goodwill and Purchased Intangible Assets, Net - HTML 53K
Purchased Intangible Assets, Net (Detail)
105: R50 Goodwill and Purchased Intangible Assets, Net - HTML 53K
Amortization Expense for Purchased Intangible
Assets (Detail)
121: R51 Goodwill and Purchased Intangible Assets, Net - HTML 51K
Future Amortization Expense Related to Purchased
Intangible Assets (Detail)
68: R52 Supplemental Financial Information - Cash and Cash HTML 50K
Equivalents (Detail)
21: R53 Supplemental Financial Information - Inventories HTML 48K
(Detail)
106: R54 Supplemental Financial Information - Property and HTML 64K
Equipment Net (Detail)
122: R55 Supplemental Financial Information - Additional HTML 82K
Information (Detail)
69: R56 Supplemental Financial Information - Depreciation HTML 43K
and Amortization Expense (Detail)
22: R57 Supplemental Financial Information - Other HTML 49K
Non-Current Assets (Detail)
107: R58 Supplemental Financial Information - Accrued HTML 52K
expenses (Detail)
120: R59 Supplemental Financial Information - Product HTML 54K
Warranty Liabilities (Detail)
61: R60 Supplemental Financial Information - Other HTML 53K
Long-term Liabilities (Detail)
44: R61 Supplemental Financial Information - Other Income HTML 51K
(Expense) Net (Detail)
91: R62 Supplemental Financial Information - Supplemental HTML 53K
Cash Flows, Non-Cash Investing and Financing
Activities (Detail)
131: R63 Revenue - Summary of Disaggregation of Revenue HTML 59K
(Detail)
67: R64 Revenue - Summary of Components of Deferred HTML 56K
Revenue and Financed Unearned Services Revenue
(Detail)
47: R65 Revenue - Summary of Activity Related to Deferred HTML 47K
Revenue and Financed Unearned Services Revenue
(Detail)
94: R66 Revenue - Additional Information (Detail) HTML 44K
136: R67 Revenue - Additional Information (Detail1) HTML 49K
58: R68 Revenue - Summary of Activity Related to Deferred HTML 47K
Commissions (Detail)
50: R69 Revenue - Summary of Activity Related to the HTML 47K
Balances in Consolidated Balance Sheets (Detail)
31: R70 Financial Instruments and Fair Value Measurements HTML 63K
- Summary of Investments (Detail)
74: R71 Financial Instruments and Fair Value Measurements HTML 53K
- Additional Information (Detail)
119: R72 Financial Instruments and Fair Value Measurements HTML 59K
- Contractual Maturities of Debt Investments
(Detail)
102: R73 Financial Instruments and Fair Value Measurements HTML 93K
- Summary of Financial Assets and Liabilities
Measured at Fair Value on Recurring Basis (Detail)
27: R74 Financing Arrangements - Carrying Value of HTML 67K
Long-Term Debt (Detail)
70: R75 Financing Arrangements - Additional Information HTML 103K
(Detail)
116: R76 Financing Arrangements - Future Principal Debt HTML 52K
Maturities (Detail)
99: R77 Leases - Additional Information (Detail) HTML 48K
25: R78 Leases - Components of Lease Cost Related to HTML 47K
Operating Leases (Detail)
77: R79 Leases - Supplemental Cash Flow Information HTML 44K
Related to Operating Leases (Detail)
30: R80 Leases - Supplemental Balance Sheet Information HTML 60K
Related to Operating Leases (Detail)
73: R81 Leases - Future Minimum Operating Lease Payments HTML 59K
(Detail)
118: R82 Leases - Schedule of Future Minimum Operating HTML 59K
Lease Payments (Detail)
101: R83 Stockholders' Equity - Additional Information HTML 161K
(Detail)
29: R84 Stockholders' Equity - Additional Information HTML 48K
Related to Stock Options (Detail)
72: R85 Stockholders' Equity - Activity Related to HTML 64K
Restricted Stock Units Including Performance-Based
Restricted Stock Units (Detail)
117: R86 Stockholders' Equity - Number and Value of Shares HTML 45K
Netted for Employee Taxes (Detail)
100: R87 Stockholders' Equity - Schedule of Employee Stock HTML 49K
Purchase Plan (Espp) (Detail)
23: R88 Stockholders' Equity - Stock-Based Compensation HTML 58K
Expense (Detail)
75: R89 Stockholders' Equity - Summary of Valuation HTML 59K
Assumptions (Detail)
63: R90 Stockholders' Equity - Summary of Activities HTML 56K
Related to Stock Repurchase Program (Detail)
45: R91 Stockholders' Equity - Summary of Activities HTML 49K
Related to Dividends on Common Stock (Detail)
92: R92 Stockholders' Equity - Accumulated Other HTML 73K
Comprehensive Income (Loss) by Component Net of
Tax (Detail)
132: R93 Stockholders' Equity - Amounts Reclassified Out of HTML 61K
Accumulated Other Comprehensive Income (Loss)
(Detail)
64: R94 Derivatives and Hedging Activities - Schedule of HTML 52K
Notional Value of Outstanding Foreign Currency
Forward Contracts (Detail)
46: R95 Derivatives and Hedging Activities - Schedule of HTML 45K
Derivative Instruments Not Designated as Cash Flow
Hedges (Detail)
93: R96 Restructuring Charges - Additional Information HTML 50K
(Detail)
134: R97 Restructuring Charges - Activities Related to HTML 67K
Restructuring Reserves (Detail)
60: R98 Income Taxes - Income Before Income Taxes (Detail) HTML 49K
52: R99 Income Taxes - Provision for Income Taxes (Detail) HTML 67K
26: R100 Income Taxes - Statutory Federal Income Tax Rate HTML 78K
(Detail)
78: R101 Income Taxes - Additional Information (Detail) HTML 99K
115: R102 Income Taxes - Deferred Tax Assets and Liabilities HTML 76K
(Detail)
104: R103 Income Taxes - Unrecognized Tax Benefits (Detail) HTML 52K
24: R104 Income Taxes - Summary of Tax Years Remain Subject HTML 70K
to Examinations under Major Tax Jurisdictions
(Detail)
76: R105 Net Income per Share - Computation of Basic and HTML 63K
Diluted Net Income Per Share (Detail)
114: R106 Net Income per Share - Additional Information HTML 42K
(Detail)
103: R107 Segment Geographic and Significant Customer HTML 48K
Information - Additional Information (Detail)
28: R108 Segment Geographic and Significant Customer HTML 50K
Information - Schedule of Revenues by Geographic
Region (Detail)
71: R109 Segment Geographic and Significant Customer HTML 48K
Information - Schedule of Cash, Cash Equivalents
and Short-Term Investments (Detail)
57: R110 Segment Geographic and Significant Customer HTML 48K
Information - Schedule of Property and Equipment
Net by Geographic Areas (Detail)
49: R111 Segment Geographic and Significant Customer HTML 50K
Information - Significant Customers (Detail)
87: R112 Segment Geographic and Significant Customer HTML 49K
Information - Schedule of Net Accounts Receivable
from Significant Customers (Detail)
137: R113 Employee Benefits and Deferred Compensation - HTML 57K
Additional Information (Detail)
59: R114 Employee Benefits and Deferred Compensation - HTML 42K
Amount Contributed under 401(k) Plans (Detail)
51: R115 Employee Benefits and Deferred Compensation - HTML 47K
Deferred Compensation Plans (Detail)
88: R116 Employee Benefits and Deferred Compensation - HTML 49K
Schedule of Defined Benefit Plans (Detail)
138: R117 Commitments and Contingencies - Additional HTML 73K
Information (Detail)
65: R118 Subsequent Event - Additional Information (Detail) HTML 45K
133: XML IDEA XML File -- Filing Summary XML 265K
37: XML XBRL Instance -- ntap-10k_20200424_htm XML 5.66M
42: EXCEL IDEA Workbook of Financial Reports XLSX 147K
17: EX-101.CAL XBRL Calculations -- ntap-20200424_cal XML 336K
18: EX-101.DEF XBRL Definitions -- ntap-20200424_def XML 930K
19: EX-101.LAB XBRL Labels -- ntap-20200424_lab XML 1.97M
20: EX-101.PRE XBRL Presentations -- ntap-20200424_pre XML 1.61M
16: EX-101.SCH XBRL Schema -- ntap-20200424 XSD 264K
109: JSON XBRL Instance as JSON Data -- MetaLinks 547± 902K
140: ZIP XBRL Zipped Folder -- 0001564590-20-029349-xbrl Zip 590K
Exhibit 10.58
Dear César:
We are pleased to offer you the position of President with NetApp, Inc. (“NetApp” or the "Company"). In this exempt position, you will report to George Kurian, our Chief Executive Officer (CEO) and the date you commence employment at NetApp (your “Start Date”) shall be no later than July 1, 2020. Your formal appointment as President by the Board of Directors will follow the acceptance of this offer and will be publicly announced at a mutually agreeable date.
CASH COMPONENTS
Base Compensation
Your annual base salary will be $800,000, less applicable tax withholdings and deductions.
Incentive Compensation
In addition to your base compensation, following the date you commence employment at NetApp (your “Start Date”), you will be eligible to earn an annual cash incentive compensation payout in accordance with the Executive Compensation Plan, as amended from time to time (the “Plan”). For your position, the annual target incentive compensation payout is 130% of your eligible earnings for the applicable fiscal year as defined in the Plan, beginning in NetApp’s fiscal year 2021 (FY21). Target incentives do not constitute a promise of payment. Your actual annual payout may be higher or lower than the target based on the overall Company performance and your individual performance and is subject to, and governed by, the Plan and the terms and conditions approved by the Compensation Committee (the “Compensation Committee”) of our Board of Directors (the “Board”).
Sign-on Bonus
You will also receive a $1,000,000 sign-on bonus (less applicable tax withholdings and deductions), payable within 30 days of your Start Date. You understand and agree that this bonus is an advance payment given to you in consideration for your commitment to remain employed by NetApp following your Start Date. Therefore, you also understand and agree that if you voluntarily terminate your employment with NetApp you will be required to reimburse NetApp certain amounts based on your date of voluntary termination. Specifically you understand and agree that if you voluntarily terminate your employment with NetApp: a) prior to or on the six month anniversary of the Start Date, you will be required to reimburse 100% of the dollar value of all compensation, including equity compensation (which dollar value shall be based on the thirty (30) day trailing average stock price as of the date of termination), paid to you by NetApp since your Start Date, excluding your base salary; b) on or after six (6) months from your Start Date and until the twelve (12) month anniversary of your Start Date, you will be required to reimburse NetApp $2,000,000; and (c) after twelve (12) months but prior to twenty-four (24) months from your Start Date, you will be required to reimburse NetApp $1,000,000. You agree to reimburse NetApp by December 31 of the calendar year of your voluntary termination.
EQUITY COMPONENTS
Initial Equity
Following the commencement of your employment, you will receive a grant of service-based restricted stock units (Initial RSUs) with a dollar value of $2,500,000. The dollar value this grant will be converted to shares based on the 30-day trailing stock price average on or about the applicable grant date which shall be on or about the 15th of the month following your Start Date. You will be informed of the exact
Exhibit 10.58
number of shares to which you are entitled within 3 business days of the grant date. The vesting commencement date of this grant will be on or about the 15th of the month following the month of your Start Date. Eighty percent (80%) of the Sign-on RSUs shall vest on December 31, 2020, and the remaining twenty percent (20%) shall vest on the one year anniversary of the vesting commencement date, subject to continued employment with the Company through the applicable vesting dates.
New Hire Equity
In addition, you will receive a grant of service-based restricted stock (New Hire RSUs) with a dollar value of $3,000,000. The dollar value of this grant will be converted to shares based on the 30-day trailing stock price average on or about the applicable grant date which shall be on or about the 15th of the month following your Start Date. You will be informed of the exact number of shares to which you are entitled within 3 business days of the grant date. The vesting commencement date of this grant will be on or about the 15th of the month following the month of your Start Date. The New Hire RSUs will vest at the rate of 50% on the first anniversary of the vesting commencement date, and 50% on the second anniversary of the vesting commencement date, subject to continued employment with the Company through the applicable vesting dates.
Long Term Incentive Equity
You will also receive a long-term equity grant with an aggregate dollar value of $6,500,000. The dollar value of this grant will be converted to shares based on the 30-day trailing stock price average on or about the applicable grant date which shall be on or about the 15th of the month following your Start Date. You will be informed of the exact number of shares to which you are entitled within 3 business days of the grant date. Sixty percent (60%) of this equity grant, or $3,900,000, will be in the form of Performance-Based Restricted Stock Units (PBRSUs) that will be eligible to vest at the end of the three (3) year performance period, or the end of Fiscal Year 2023, in accordance with the terms and performance conditions approved by the Compensation Committee. Forty percent (40%), or $2,600,000, will be in the form of service-based restricted stock units (RSUs) that will vest at the rate of 50% on the first anniversary of the vesting commencement date, and 50% on the second anniversary of the vesting commencement date, subject to continued employment with the Company through the applicable vesting dates. The vesting commencement date of this grant will be on or about the 15th of the month following the month of your Start Date.
Sales Performance Equity
In your position as President, you will also be entitled to a unique equity grant in the form of Sales Performance-Based Restricted Stock Units (SPBRSUs) with an aggregate dollar value of $3,000,000. The dollar value of this grant will be converted to shares based on the 30-day trailing stock price average on or about the applicable grant date which shall be on or about the 15th of the month following your Start Date. You will be informed of the exact number of shares to which you are entitled within 3 business days of the grant date. Fifty percent (50%) of the SPBRSUs will be eligible to vest on the date the Compensation Committee certifies that the Company achieved not less than 97% of the Fiscal Year 2021 (FY21) Annual Bookings Plan approved by the Board, and the remaining 50% shall be eligible to vest on the date the Compensation Committee certifies that the Company achieved not less than 100% of the Fiscal Year 2022 (FY22) Annual Bookings Plan approved by the Board.
Each equity grant described in this letter shall be subject to the terms and conditions of the Company’s 1999 Stock Plan and the terms and conditions of the applicable equity grant agreement.
TARGET EARNINGS
Your total target earnings for FY22 will be benchmarked against our peer group for executive compensation and will be based upon the Company’s performance and your individual performance and
Exhibit 10.58
shall be subject to the review and approval of the Compensation Committee. Based on current market data, it is anticipated that the total target value of your equity grant for FY22, including service-based and performance-based equity, will be approximately $7,000,000.
SEVERANCE BENEFITS
Severance Entitlement
The Compensation Committee has also approved a special severance package for you should you accept employment at NetApp. In the event you are terminated from the Company for any reason other than for Cause (as defined below), and the Change of Control Severance Agreement has not been triggered, subject to your execution of a release in favor of the Company, you will be entitled to eighteen (18) months of your base salary and target incentive bonus in effect on the date of your termination. For purposes of this section, “Cause” shall mean (a) your continued intentional and demonstrable failure to perform your duties customarily associated with your position as an employee of the Company (other than any such failure resulting from your mental or physical disability) after you have received a written demand of performance from the Company which specifically sets forth the factual basis for the Company’s belief that you have not devoted sufficient time and effort to the performance of your duties and have failed to cure such non-performance within thirty (30) days after receiving such notice (it being understood that if you are in good-faith performing your duties, not achieving results the Company deems satisfactory for your position, it will not be considered to be grounds for your termination for “Cause”); (b) your conviction of, or plea of nolo contendere to, a felony that the Board reasonably believes has had or will have a material detrimental effect on the Company’s reputation or business; or (c) your commission of an act of fraud, embezzlement, misappropriation, willful misconduct or violation of policy, or breach of fiduciary duty against, the Company.
Change of Control Severance Agreement
You are also eligible to enter into a Change of Control Severance Agreement entitling you to certain benefits in the event of your termination following a change of control of the Company. This benefit is exclusive of, and not coincident with, the Severance Entitlement referenced above. The form of agreement can be found at filed with the SEC at https://www.sec.gov/Archives/edgar/data/1002047/000156459019020164/ntap-ex101_40.htm.
HEALTH AND WELFARE BENEFITS
Executive Physical Benefit
Our medical insurance plan with Anthem includes an Executive Physical Benefit—once per calendar year, payable at 100% up to a maximum of $2,500 whether an in-network or out-of-network physician is used. You will receive additional details regarding this benefit from the HR Benefits Team.
Vacation
As President, you will not accrue any annual vacation. You are permitted to take vacation at your convenience in any number of days you require, provided that the vacation day(s) does not unreasonably interfere with the performance of your job.
Generally Available Benefits
As an employee of the Company, you are eligible for NetApp benefits, including medical, dental and life insurance, as of your hire date. The Company reserves the right to modify, amend or terminate any employee benefits at any time for any reason. During the course of your employment with NetApp, your employment benefits will be administered in compliance with applicable employment and labor laws.
Exhibit 10.58
Non-Qualified Deferred Compensation Plan
Thirty (30) days after you are hired, you are eligible for enrollment in the NetApp Non-Qualified Deferred Compensation Plan. The objective of the Non-Qualified Deferred Compensation Plan is to provide you with an opportunity to defer income (annual base and/or incentive compensation) on a pre-tax basis. You will receive additional details on this Plan from the HR Benefits Team within 30 days of your hire date.
This offer is binding on NetApp and you and can be terminated by NetApp only under the following conditions: 1) items 1 a 5 of paragraph 5 of the General Terms and Conditions (below) are not met; 2) you have legal obligations to a third party that you have not disclosed to us that prevent you from performing the full duties of the position being offered to you; or 3) prior to your Start Date, (A) you engage in personal or professional conduct that would cause reputational harm to NetApp if NetApp were to become your employer or B) you become physically or mentally incapable of performing the duties of the position being offered to you.
GENERAL TERMS AND CONDITIONS
During your period of employment with the Company, NetApp will provide a corporate sponsored housing located within fifteen (15) miles of NetApp’s Corporate Headquarters. NetApp will also be responsible for payment of all your NetApp business related travel including travel from your ordinary place of residence to be booked through NetApp’s corporate travel service in accordance with NetApp policies and procedures.
As an employee of NetApp, you are required to sign and agree to the Code of Conduct which includes the Company’s Insider Trading Policy. You are considered an “Insider” under that policy and as a result, you are required to abide by all obligations under that policy including, but not limited to, the restrictions on trading set forth in the policy.
As a technology leader, NetApp develops and works with sensitive technologies controlled under various United States export laws and associated federal regulations. You confirm that you are not a citizen or permanent resident of Cuba, Iran, North Korea, Sudan or Syria. You agree that you will comply with all U.S. and other countries’ export control laws, applicable export control licensing requirements, and NetApp’s export compliance policies and procedures. Unless otherwise authorized by the U.S. Government and NetApp, you will not export or re-export directly or indirectly export-controlled technology, software, information, and hardware to any country prohibited under the U.S. export control laws, including Cuba, Iran, North Korea, Sudan and Syria.
We will work with you to obtain appropriate documentation to authorize you to work in the United States. Within three (3) days of your Start Date you will provide the Company with a completed Form I-9 (U.S. Employment Verification Eligibility), which you will receive on your Start Date, and the legally-required proof of your identity and authorization to work only in the United States.
This offer of employment is contingent upon your satisfactorily completing, agreeing to, signing, and otherwise fulfilling the following NetApp documents and associated clearance processes (as determined in NetApp’s sole discretion).
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1. |
NetApp Code of Conduct & Conflicts of Interest Certification |
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2. |
NetApp Insider Trading Policy & Consent |
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3. |
NetApp Proprietary Information & Inventions Agreement and Disclosure |
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4. |
NetApp Deemed Export Disclosure Form |
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5. |
Director and Officer Questionnaire |
Exhibit 10.58
We are of the understanding that: (i) you have already disclosed to us any potential legal obligations (by contract with a prior employer or otherwise) that might prevent or prohibit you from performing the duties of the position that you are being offered, (ii) you have had the opportunity to seek legal advice if it was necessary to address or evaluate your obligations in this regard, (iii) that you can represent to the Company that you are under no legal obligations that would prohibit you from performing the duties of the position being offered to you, and that (iv) you will not, in the performance of your duties to the Company, breach any non-disclosure, proprietary rights, non-competition, (other than potential legal obligations previously or simultaneously disclosed in accordance to item (i) in this paragraph) non-solicitation or other covenant in favor of any third party.
The Company does not want you to bring with you any confidential or proprietary material of any former employee or to violate any other obligation to your former employers.
Employment with NetApp is for no specific period of time. Notwithstanding anything set forth in this letter, either NetApp or you are free to terminate the employment relationship at any time for any reason, with or without notice or cause. This is the full and complete agreement between NetApp and you on this term. Although your job duties, title, compensation and benefits, as well as the Company's policies and procedures, may change from time-to-time, the "at-will" nature of your employment and your residence or office location may only be changed in an express writing signed by the CEO of the Company and you.
This letter sets forth the terms of your employment with NetApp and supersedes any prior representations or agreements, whether written or oral. This offer will expire at midnight Pacific Time on Monday March 23rd. Please electronically sign the offer letter on or prior to the expiration date of this offer.
We look forward to having you join us. Shortly you will receive a “Welcome” email with login instructions asking you to log in to the NetApp Pre-Boarding tool. The tool provides a preview of NetApp’s values and culture and contains important forms that you must complete before your start date. Please log on to www.netapp.com before your start date to catch up on news, press releases and other information related to the Company. If you have any questions, please call me with any questions at 408.822.3226.
You have the opportunity to make a significant mark in the technology industry by leading the successful transformation of an important institution, its culture, capabilities, position in the market, strategy and results. We believe that NetApp’s position as a steward of customers’ most important digital asset, data, and the differentiated position we already have in the hybrid cloud can be the source of enormous value creation. And we believe that as you reflect on your career in future years, you will remember this opportunity as the one where you had the most impact, learned the most and had the most fun.
Sincerely,
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/s/ Debra C. McCowan Chief Human Resources Officer NetApp, Inc. |
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I have read, agree to and accept this employment offer and all terms set forth therein:
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/s/ César Cernuda
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Date |
My Start Date will be: No later than July 1st 2020
| This ‘10-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 12/31/20 | ||||
| 7/1/20 | 3, 4 | |||
| Filed on: | 6/15/20 | |||
| For Period end: | 4/24/20 | |||
| 3/23/20 | ||||
| 3/19/20 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 6/14/23 NetApp, Inc. 10-K 4/28/23 141:27M Donnelley … Solutions/FA 6/16/22 NetApp, Inc. 10-K 4/29/22 140:23M Donnelley … Solutions/FA 6/21/21 NetApp, Inc. 10-K 4/30/21 135:20M ActiveDisclosure/FA 3/01/21 NetApp, Inc. S-3ASR 3/01/21 5:1.4M Donnelley … Solutions/FA 8/28/20 NetApp, Inc. S-8 8/28/20 4:535K Donnelley … Solutions/FA |